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Open innovation for entrepreneurial opportunities : how can stakeholder involvement foster new products in science and technology-based start-ups?

Author

Listed:
  • Patricia Iglesias-Sánchez

    (Universidad de Málaga [Málaga] = University of Málaga [Málaga])

  • Alain Fayolle

    (IDRAC Business school Lyon - Institut pour le Développement et la Recherche d'Action Commerciale - Université de Lyon, UniCa - Università degli Studi di Cagliari = University of Cagliari = Université de Cagliari, University of Turku, CERAG - Centre d'études et de recherches appliquées à la gestion - UGA - Université Grenoble Alpes)

  • Carmen Jambrino-Maldonado

    (Universidad de Málaga [Málaga] = University of Málaga [Málaga])

  • Carlos de las Heras-Pedrosa

    (Universidad de Málaga [Málaga] = University of Málaga [Málaga])

Abstract

An open innovation approach can contribute to management opportunities. This article analyses how Science and Technology-Based Start-ups (STBSUs) achieve entrepreneurial opportunities involving stakeholders. The basis of the analysis comes from a qualitative and exploratory study of 24 STBSUs from two entrepreneurial ecosystems in France and Spain. The empirical data shows the active listening and generation of a co-creation environment where stakeholders emerge as key tools for innovativeness, competitiveness and survival in STBSUs. The findings suggest the recognition of uncertainty is a driving force for implementing open innovation. The findings contribute empirical insights into how STBSUs take advantage of stakeholder contribution in product development and suggest practical implications and future directions in the field of entrepreneurship and open innovation.

Suggested Citation

  • Patricia Iglesias-Sánchez & Alain Fayolle & Carmen Jambrino-Maldonado & Carlos de las Heras-Pedrosa, 2022. "Open innovation for entrepreneurial opportunities : how can stakeholder involvement foster new products in science and technology-based start-ups?," Post-Print hal-04891724, HAL.
    • Handle: RePEc:hal:journl:hal-04891724
    DOI: 10.1016/j.heliyon.2022.e11897
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